PEOPLEUSDT Loaded for a Breakout: Go Long or Wait for a Retest?

Dec 27, 2024

Hey, traders! 🐂🐻

Today’s radar is on PEOPLEUSDT, and the market is definitely "buzzing". The price is sitting at 0.04588 USDT, and we’ve seen it knock on the resistance at 0.04689 USDT a couple of times. What is that level? A wall of liquidity! Whales are clearly capping the price.

Now, let’s get to business. The chart is forming an ascending triangle – a classic setup. If the price breaks through the liquidity up top, we’re in for a pump. But as they say, "don’t go all in until you see a clean breakout."

🔑 Key Levels:

Support:

• 0.04300 USDT – buyers are stacked here. If this level breaks, get ready for a dump.
  
• 0.04100 USDT – the bulls’ last stand. Reaching here puts the trend at risk.
  

Resistance:

• 0.04689 USDT – the critical level. Break it, and we’re flying; fail, and the whales keep pushing us down.
  
• 0.04900 USDT – the first target to "skim the cream".
  
• 0.05050 USDT – the ultimate target if the market picks up speed.
  

🚩 Strategy:

Entry Point:

Enter long after a clean breakout above 0.04689 USDT (let the volume confirm it).
Stop-Loss:

Place stops below 0.04300 USDT to avoid "liquidity grabs".
Take-Profit Targets:

1. 0.04800 USDT – lock in some gains to avoid FOMO.
   
2. 0.04900 USDT – for those who like "cold, calculated moves".
   
3. 0.05050 USDT – the final stop when the market gives everything it can.
   

📈 Technical Breakdown:

• The triangle is screaming: the market is gearing up for a move.
  
• Rising volumes – a signal that buyers are revving up.
  
• A retest of 0.04689 USDT before the breakout is a great chance for scalpers or those "hunting setups."
  

💡 What’s next?

The big question: are we catching a pump, or will it fizzle out? If 0.04689 USDT doesn’t break, expect bulls to pull the plug ("handbrake") and possibly some tilt for those who entered too early.

Your thoughts? Maybe someone spots a sell wall or a divergence on the indicators? Share your observations – the collective mind wins, as they say. 🚀